Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona
AZTRANSWAREQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.84
Year-over-Year Change
0.46%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona measures the real output of the transportation and warehousing industry in the state. This economic indicator is important for understanding trends in a key sector of the Arizona economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Chain-Type Quantity Index tracks changes in the real, inflation-adjusted output of the transportation and warehousing industry in Arizona over time. This metric provides insight into the productivity and growth of a critical component of the state's economy.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on industry output and prices.
Historical Context
Policymakers and analysts monitor this trend to gauge the health and dynamics of Arizona's transportation and logistics sectors.
Key Facts
- The index uses 2012 as the base year.
- Transportation and warehousing accounts for over 5% of Arizona's GDP.
- The index reached a peak in 2018 before declining in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona measures the real, inflation-adjusted output of the transportation and warehousing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and growth of a critical component of Arizona's economy, helping policymakers and analysts understand trends in the state's transportation and logistics sectors.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on industry output and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health and dynamics of Arizona's transportation and logistics sectors, which are important for the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona (AZTRANSWAREQQGSP), retrieved from FRED.